By Thompson ABISOLA
BP and Serica Energy received a conditional licence from United States authorities to continue operating a North Sea gas field partly owned by Iran’s national oil company, Serica said in a statement.
The U.S. Office of Foreign Assets Control extended a licence for U.S. and U.S.-owned or controlled entities to provide goods, services and support the Rhum field.
The field supplies around five per cent of Britain’s gas demand.
The extension will allow Serica to complete the acquisition of BP’s stake in Rhum as well as the Bruce and Keith fields as well as buying Total’s stakes in Bruce and Keith, it said.
